The District of Saanich and Cheenaht Holdings have entered into an agreement to secure close to 60% of the property at 3745 Ascot Drive for the expansion of Kings Pond Park. Under the original development proposal Saanich would have acquired approximately 11% of the land, however, a large portion of the Floodplain and the Streamside Protection Enhancement Area would have remained in private ownership. By purchasing over one-half of the property, the Municipality will be able to preserve the wetland and surrounding eco-system for future generations. Cheenaht Holdings has revised its subdivision proposal to three residential properties fronting Ascot Drive.
The $690,000 acquisition by Saanich will be funded through the Sub-Regional Parks and Land Sales Reserve Funds. In order to complete Kings Pond Park, one land acquisition remains at Queensbury Avenue and Ascot Drive, just north of Kings Pond in Cedar Hill Park. This property has long been identified for park purchase in the Quadra Local Area Plan and Saanich will continue to pursue this final “piece of the puzzle”.